@@tmoney0212 if you don’t know what the guy in the pool is experiencing, then I feel bad for you. Maybe that’s a better way I could say it. Also, it’s common* sense.
Barbara should give everyone who watches this show hope they can make it big. The amount of times she is out of a deal simply because she “doesn’t understand” is mind boggling.
Actually, I just looked it up. He has expanded, you can add other options like hot tubs, tennis courts and more. Can't believe the Sharks didn't see this potential. Amazing idea with endless opportunities.
I heard of it a long time ago before this....but yeah it's wonderful. I see lots of people on there renting pools. It's nice...cuz you can even do it for a party - pool party.
@@cindyarnold7860 Yes, that's how markets work. The buyer/seller has to come to agreement over what they feel the company/product is worth and make a transaction based upon that agreement. If either side feels like the valuation is unfair, a transaction will not happen.
You're right, former Airbnb co-founder, Nate, invested in the company shortly after it aired, they are one of the biggest success stories that sharks missed valued at about $30mill YTD Whole time I was watching, I was wondering how they don't see the potential, then again the guy talks wayyy to fast
@@jaybali1742 It is worth more now, but valuation alone doesn't say anything. How much profit is there to be made is the main issue and I'm sure their Airbnb comparison wasn't just random, because Airbnb hosts have now ran into trouble with lawmaking that finally caught up, basically disabusing owners of their cow-milking game by introducing a number of restrictions and limitations in urban, suburgan and peri-urban areas of large cities, where you would expect the highest traffic for this specific business. The reason this happened to Airbnb is because this model basically allowed non-commercial establishments (houses, apartments, etc) to become hotels with all the benefits and none of the hassles; that is: controlled environment, health regulations, safety and all the legislation that comes with running a hotel business.
AirBNB's brand is becoming more damaged by the year I don't think so. This may actually end up being more successful than that IMO because people are honestly gonna be a lot more willing to letting strangers in their pool than their home!
Swimply later said the Sharks declined his offer cuz this pitch took place at the start of the pandemic/lockdown. Swimply ended up skyrocketing during the pandemic when everything was shut and people turned to private pools.
@@alex161 In a world where most new businesses fail, I'd say the growth it has experienced is akin to skyrocketing. It is apparently doing VERY well and the fact that his projection wasn't even remotely accurate doesn't change a thing.
During the summer in the pandemic I googled rent a pool. Swimply came up. Easy to use and the host was great. Hopefully he’s been successful ever since.
I heard of it a long time ago before this....but yeah it's wonderful. I see lots of people on there renting pools. It's nice...cuz you can even do it for a party - pool party.
This company actually blew up. It's now in multiple countries. They do seven digits a month in revenue now. And one couple in Oregon made revenue of $177,000 in less than two years renting out their pool.
This is a genius idea. These sharks have so much money and have seen so much luxury that they take a swimming pool for granted. I’ve lived in apartments my whole life and always enjoyed swimming pools. My only options was the local city pool. There are hundreds and thousands of people like me. This will succeed.
@@Account-br9kc good for him for beating the odds...i wouldnt have invested in it...too risky/low chance for success....there are 2 styles of investing. VC (venture capital) invests in high risk high reward, Private equity invests in stable low risk investments
correction, there are 10's of millions of people like you if not hundreds. People forget off all the apartment dwellers or all the people with no pool in there backyards. And even if you have a friend with a pool sometimes you dont want to bother them, so it might be easier to spend $300 and have a pool party with no hassle .
I thought so too. I’ve actually been in an exact situation where I needed this. Went to the beach for a day (I live ab 45 minutes away) water was infested with jellyfish that day so I was stuck on the sand with my ex and we didn’t have money to rent a condo or something that would include a pool and we were stuck on google searching for public pools. If you can guess there was no luck whatsoever so we stayed dry that day. Sharks just can’t imagine facing that situation.
I’ve used this app twice in the last 10 months and will most likely use it again this summer a couple of times. It is mind boggling to me what these sharks didn’t understand about this app. It’s an amazing app for anyone that want a to rent a pool for a few hours and isn’t rich enough to own one.
His projections were insane that’s why, not to mention he kept interrupting them it wasn’t even the editing this time you can see by their reactions. You don’t want to invest in someone who won’t let you talk and ask questions initially
@@Mar-5016 Exactly. If you base your evaluation on only the projections, you are setting yourself for failure. Sharks hate it when entrepreneurs based their company evaluation solely on projections.
I'm surprised none of the sharks mentioned/questioned the potential liability issues. That was literally my first concern when he was presenting the idea.
@@soccerboss7924 because in the industry everyone knows that liability can be placed on the users through a terms of use, and what cannot is covered by good insurance.
There is no liability to worry about… that’s what contracts and insurance are for. You can rent a car and crash, you can rent a house and it catches on fire. Liability isn’t the problem
My bet is they know that Uber, Airbnb,...platforms have already proven that Liability Ins. for sharing economy gigs is an actually thing that exists in real life.
I'm sure they did but it didn't make the TV show. These negotiations often go on for over an hour and the show has to cut it down to 10 minutes, so they have to pick the flashiest moments. But I agree the Sharks surely must have asked about that.
I don't understand what's so "crazy" about this idea? People rent out their things all the time. Houses, Cars, Venues. This is a great idea! My girlfriends and I are always renting pools on swimply. We live in the Bay Area so affording a pool isn't possible for two college students.
When this guy was talking I had to check my youtube video settings to make sure it wasn't set on 2x speed. I don't think I ever heard someone talk that fast in normal conversation.
So after seeing this, I just hopped on the website and downloaded the app. This guy is a genius for creating this. Currently getting together a small group of friends to rent a pool for a couple hours this weekend with our kids.
@@joeysoloway2115 not true doh. This type of business model needs to raise hundred million of dollars to make say a 10percent profit. Which is 10million for 100million raise. Where if the business fails, the 100million will be gone, and the investors dun get their money back. The risk is bigger than the reward. So if you are like this kind of investment, it’s really like a jackpot you will lose a lot until you hit a huge one.
One of the biggest misses in Shark Tank history. It totally reminds me of Fredrick Smith's business school professor who gave him a "C" grade for coming up with FedEx. Swimply is an amazing concept that has skyrocketed and will continue to thrive. The sharks all missed out.
He's a smart guy with a lot going on, but seems... Distracted? That might have been their problem I actually interviewed with him last year for a software role, they reached out almost immediately, "let's get you on the team" then stopped responding for 7 months..... Not holding anything against him, startups are brutal, but probably stuff like that is what the sharks were worried about. He is(was) new to tech, for example, if he hired the wrong guy to build the stack, he might not literally be able to scale without dumping a few million re-writting it.... And he's already mentioned in this pitch re-doing the website three times. He probably did this about 6-8 months too early.
Exactly! There was a time getting in a strangers car and having them take you somewhere was really weird! Or having a stranger bring you your food was bizarre! This is the next great idea, and I’m glad to see it’s taking off
Crazy how the Sharks missed out. He 4,000x'd his business during the pandemic because public pools and beaches all closed. He averages 20,000 bookings a month now
I run my own pool company and I've thought about this exact type of thing before. Sharks dont see it but this is more than potential, its a freaking goldmine. This is a much more sanitary alternative to public pools; which are disgusting.
How does liability work though? Some will hurt themselves/die in the pool. I saw a story where people got electrocuted in a pool. In a context like that when it is not your pool how does that work?
@@DanRaidersWarriorsSharksGiants I would assume lawyers thought of that in the terms and conditions and most likely any liability is on the owners of the pool
He should have heard Robert out. Sometimes the sharks go into competition hearing the other offers. Mark probably would of came back around. But, I think Robert had an offer. Stop focusing on the man with the most money and his status and focus on who's willing to help.
@@intekhabahmad8762 He was only ignoring Robert because robert was so rude to him in the beginning. Honestly, it's a reasonable response to meeting someone and the first thing they say to you is, "Who thought this was a good idea?"
I think this is a really good idea. An extra income to owners of the swimming pool and convenience to those who would like to have a swim at least once in a while.
@@risitas-po-polsku terrible idea?? What about Airbnb Wierd people living in my house What about Uber Wierd people getting in my car They all doing good it’s a decent idea
I don't understand how this is crazy... my friends and I did this a few times and it's great!! We even rented a pool that came with a very nice grill and fire pit. This is a perfect idea for 4th of July parties, birthday pool parties, or just to chill at a pool on a very hot day.
You guys are missing the point. His idea is brilliant even the sharks agreed to that . The only two reasons why they weren't interested, was bc of his evaluation, they hated that . And bc they felt overwhelmed and frustrated by him. That's why they named the episode "how fast can he talk to get himself a deal" if he came out humble soft spoken and a normal evaluation he probably would have gotten Mark cuban or Robert ! I hope though that bunims buss. Booms ! Bc he's my friend and I want to see him do well!
I think it's brilliant. I am all in for sharing of spaces and cutting down on creating new entities from the ground up. Share what we have, create new solutions and ideas. I love it! Keep going.
@@keydos3133 No, he wanted 300k for 5%. 5% of 5$ million in profit = $250,000. So, no, they wouldn't have made their money back. And certainly not 25x.
I’ve watched Shark Tank for years and I’ve always struggled with the investors being such a$$holes to these entrepreneurs with dreams just like they had when they started. I’m so glad to know this guy has grown and is doing awesome because I think his business is genius..
He is on to something. No question. I thought the biggest concern would be Air B&B deciding to compete against him, but nobody mentioned that. Otherwise he just over-talked himself into turning them off.
Took him a ton of money and 3 tries and can't even get the website working yet. What kind of genius or problem solver is that? The idea is good, but I don't think he is the right guy for it.
Valuation is ridiculous they can't even make a deal with him at that valuation... Second he talks faster than Eminem on crack. Talking at an appropriate speed is important. Nobody will like to listen to a rap God for a business pitch because their brains going to kick into overdrive trying to crunch the numbers while guy is reading 700 words per minute. Great idea, wrong person.. If his valuation was at least 1/4 of that or even less they would probably consider Makin some kind of offer. Also he was very rude. Never be rude to the people you trying to ask money and advice from. That just tells them you don't respect what they have to say.
I actually didn’t know that it was on Shark Tank. I had discovered it last summer and thought it was really cool and mentioned it to people I know and my mom’s having her 60th birthday party there this month.
@@gss7278 stfu he’s not on anything he’s just overly nervous and trying to get his point across fast because he didn’t have much time to secure an investor.
They are still burning cash like no tomorrow and very much default dead. Furthermore, Airbnb is eating some of their share with experiences. Not bullish on Swimply at all.
This is wild to me that no one wanted to discuss an offer. I wasn't bothered by his fast talking at all and found it quite weird that the sharks really honed in on it at lot. Well besides Barbara who looks for any reason under the sun to be out, he could walk out with a stain on his shirt and she'd be like I just don't like that stain on your shirt so I'm out. Lol but ya I feel like this idea could be huge and given a direction and some fine tuning it sounds like an incredible idea. I just stopped typing to look it up, and it appears to be doing 7 figures a month currently. So ya I don't understand why they didn't jump on this.
He couldn't develop a website/app/delivery mechanism after multiple failed attempts. He had net a whole $42k while absorbing multi-million dollars of investment without showing much... And he wanted 300K for 5%. Can you really not understand why they didn't jump on this?
@@pyro3rg You look at the idea and invest in that first and foremost, something like developing an app/website is always something you can fix, that's a terrible reason not to invest and not even one that the sharks mentioned. They were against this guy from the beginning and it was a mistake for sure, Swimply's net worth is at 160 Million in 2023. This is a perfect example of getting hung up on numbers without stopping to see the vision.
Now, Swimply operates in the US, Australia, and Canada with 70 full-time employees. Swimply makes an estimated 10 million annually, and the company is worth $30 million.
Sharktank, I think you guys missed a really great opportunity. I live in Canada, and I found out there are many people using Swimply, and guess what? I will be joining them. This is a fantastic idea, and this young man will be a multi millionaire no doubt.
Half the time I see Cuban I think he's wearing a skull cap...then more than half way through this I see the guy trying to get a deal is ACTUALLY wearing one.
This is an amazing idea I used to hop the fence and the lovely old rich neighbor lady let us swim in her pool and even got us Christmas presents sometimes :) but this is an amazing way to let parents or young people without enough money for a nice inground pool to experience that!! I love this ❤️
Some of y’all should look at swimply’s valuation and that he raised $40 million at the writing of this. Sharks missed out, but had they invested that time, it would have failed due to covid. He instead continued on a lower scale and then later got a better deal
however too im not sure what the operating expenses are, they could probably have shut down the website during that time and not have to bleed any money. cause they are just borrowing other peoples real infrastructure so it takes their risk out
@@jonathanm2690 yeah it's interesting how confident he felt about his 289 million dollar projection not knowing the world was about to shut down .... a 6 million dollar valuation when your profit is only 20k per year is just insane. I honestly don't blame the sharks for staying out of this one.
@@ricardosoca7380 No it's not, they are a tech company, 6 million is an average seed-stage valuation for tech companies, many of which have zero revenue at that point. Revenue does not matter when valuing early stage tech startups. Potential revenue in the future is all that matters.
@@parker5548 No, it's not. You're stupid. I could say that my startup computer business will be worth 2.13 trillion dollars because that's what Microsoft is worth. So, should I value my company at that price? Obviously not because there's no revenue, there's no engagement, there's not even any interest, etc. When someone projects a certain amount of revenue for two, three years in the future, do you know what they base those figures on? PAST SALES.
I live for swimply, I thought it would be awkward swimming in someone else’s pool but most of them have privacy features and it’s absolutely wonderful so cheap for an hour swim after brunch 😄 especially with friends, and you rarely swim for more than an hour straight, and swimply is also now worth 180 million bucks! Congrats!!! You’re service is incredible 🙏🏻
I'd be uncomfortable going to a strangers property to use their pool while the owner is peeking out the window watching you from time to time. On the other hand I'd be uncomfortable to invite strangers to my house and property not knowing anything about them. Then there is the risk of someone getting hurt and trying to sue you.
I feel that it could be hit or miss with the people renting pools. You would never know what kind of "pool Party" you would be hosting. It could be a drunken frat party,15 screaming kids, or someone just wanting to float and sunbathe. The bathroom situation could be a thing also if there was not a pool house with a bath. I would not want a bunch of wet kids tracking through the house.
Crazy to me that none of them asked about safety parameters/liability. What happens if someone drowns in your pool while you’re renting it out to them?
My girlfriend is a nurse in an er in New Jersey and a couple weeks ago they had an 8 year old passed away due to drowning in one of these rented pools. Not sure if it was this exact service but it was the same rent out your pool concept. So yea...you’re 100% correct. Not sure if any action was taken against the rental service/pool owner
@@LV2UXO77 that’s where the company steps in because they will front for the insurance that most ppl can’t afford by working w insurance companies. Turo and Airbnb does the same
I have actually looked at this app on the last 2 years, it's a great idea. Sharks missing out. This gives me ring doorbell vibes, sharks passing on a winner
@@blazecobblestone3774 Exactly. He had two big issues. His evaluation and his projections. In business, projections don't mean a whole lot because things can change in an instant. His evaluation was nuts, 6 mil eval based on projections? Sharks will smell BS instantly because they hate that.
His numbers are off. He told them that current year they would make $20,000 year after they will break even then the next next year they will make $15 million their profit. Doesn’t sound right at all
Current-year revenue (Y.T.D., seasonal business): ~$250,000.00 ; projection for two more years down the line: ~$75 million (assuming sustained ~twenty-percent net-margin). He'd have a better chance of actually just solving global-warming.
I think the issue with this is that if people don't want to go to public pools because of any sanitation concerns, that will still happen with this. With that many different people constantly being in and out of the pool, it essentially just becomes another public pool.
This is true. But same thing with AirBnB, you get bad reviews if the room is not clean. People will still have the option to choose which pools are sanitized that have good reviews.
If a Shark had invested on the list terms of this deal, it would currently be one of the highest paper rates of return of any Shark Tank deal. It’s like they totally ignored Airbnb, and compared this to a cupcake mail order biz. But Shark Tank has never been at market for tech deals. People still raise at $6M pre with half a prototype and a PowerPoint deck. 😂
Feel like only Mark is the only one who can really afford it to invest. Everyone else just has a good network=net worth and are not willing to invest their own money. All these guys are pre Web 2.0 ppl so they don’t have the same vision
a 6 million dollar valuation when you're only making 20k profit per year is really a crazy valuation. Maybe if he has valued it at 1 million dollars or something even remotely more reasonable they would've gone for it. I think also this was right when the world started to shut down for Covid.
@@ricardosoca7380 who mentioned wework? You’re simply clueless. Thinking 20k profit has any bearing whatsoever in an early stage startup’s valuation…. Lol. Truly clueless
Dang, I’ve had this idea for over a decade, but I never pursued it because of all the liability issues with pools. Knowing now how successful the company turned out to be, I wish I pursued it.. if only I could go back in time
The guy in the pool just playing around during the entire pitch is a whole mood. 😂
Seems that the guy has paid 100 for a hour
no it's not
@@tmoney0212 I’m sorry you don’t know what happiness is but I hope you find it some day
@@ManateeMaiden I'm sorry you assume someone's whole life being with one comment, hope you find commen sense one day
@@tmoney0212 if you don’t know what the guy in the pool is experiencing, then I feel bad for you. Maybe that’s a better way I could say it. Also, it’s common* sense.
Barbara should give everyone who watches this show hope they can make it big. The amount of times she is out of a deal simply because she “doesn’t understand” is mind boggling.
Ya like how do you not understand how great of an idea this. The amount of people I know who would beg to have a pool would do this.
she needs to be replaced with someone who's more willing to invest
FAXS
@@j355.0 fr she’s out in every episode I watched. 🤣🤣🤣🤣
It’s not that she doesn’t understand the idea. It’s that she doesn’t understand how to make herself money with it, a very fair issue to have.
Actually, I just looked it up. He has expanded, you can add other options like hot tubs, tennis courts and more. Can't believe the Sharks didn't see this potential. Amazing idea with endless opportunities.
I heard of it a long time ago before this....but yeah it's wonderful. I see lots of people on there renting pools. It's nice...cuz you can even do it for a party - pool party.
They see the potential. The issue is the valuation was too high.
@@taoliu3949 meaning the Sharks determining the potential valuation?
@@cindyarnold7860 Yes, that's how markets work. The buyer/seller has to come to agreement over what they feel the company/product is worth and make a transaction based upon that agreement. If either side feels like the valuation is unfair, a transaction will not happen.
@@taoliu3949 lmao it is worth 6 - 10 million dollars now
I see Airbnb aquiring this sooner or later. This has massive potential. From swimming pools, to tennis courts, to training halls, etc.
Sadly Airbnb would just muscle there way in. With a "Pool Only" button. If they bought his company id respect them for that.
You're right, former Airbnb co-founder, Nate, invested in the company shortly after it aired, they are one of the biggest success stories that sharks missed valued at about $30mill YTD
Whole time I was watching, I was wondering how they don't see the potential, then again the guy talks wayyy to fast
@@jaybali1742 It is worth more now, but valuation alone doesn't say anything. How much profit is there to be made is the main issue and I'm sure their Airbnb comparison wasn't just random, because Airbnb hosts have now ran into trouble with lawmaking that finally caught up, basically disabusing owners of their cow-milking game by introducing a number of restrictions and limitations in urban, suburgan and peri-urban areas of large cities, where you would expect the highest traffic for this specific business.
The reason this happened to Airbnb is because this model basically allowed non-commercial establishments (houses, apartments, etc) to become hotels with all the benefits and none of the hassles; that is: controlled environment, health regulations, safety and all the legislation that comes with running a hotel business.
AirBNB's brand is becoming more damaged by the year I don't think so. This may actually end up being more successful than that IMO because people are honestly gonna be a lot more willing to letting strangers in their pool than their home!
@@jaybali1742 I was able to follow how he talked
Good for him, he didn’t get a deal but his business was a huge success afterwards.
Now worth $30,000,000
not worth 289 million dollars though! 😂😂
Are you in fantasy land aswell. Joke
Today it's 160
It’s now worth 180
Next year 230 and the other 270 and then it will be sold for a billion to google or aibnb or whatever
Swimply later said the Sharks declined his offer cuz this pitch took place at the start of the pandemic/lockdown. Swimply ended up skyrocketing during the pandemic when everything was shut and people turned to private pools.
So true I used swimply during pandemic!
How did it skyrocket when it's net worth is around 6-10 million? It's far far away from his 289 million projection
@@alex161 In a world where most new businesses fail, I'd say the growth it has experienced is akin to skyrocketing. It is apparently doing VERY well and the fact that his projection wasn't even remotely accurate doesn't change a thing.
I don't think the sharks wanted to work with him because he talked so fast
@@jeffreyjensen1748 Also.
0:40 ,1:25, 2:12, 2:31, ,3:04, 3:39 , 3:54 , 4:53 , 5:25 , 5:40 , 6:11 , 6:21 , 9:32 guy in pool highlights
💀💀
lmaooo idk what to make of your comment😂
Thank you Kanye, very nice.
thank you
don't forget 4:47
During the summer in the pandemic I googled rent a pool. Swimply came up. Easy to use and the host was great. Hopefully he’s been successful ever since.
Same!!
I heard of it a long time ago before this....but yeah it's wonderful. I see lots of people on there renting pools. It's nice...cuz you can even do it for a party - pool party.
Cap 🧢
uh.. yah! its like the TOP successful company the sharks rejected ever!
@@norwegiansmores811 top rejected? No that would be the Amazon home camera thing. The sharks were big dummies on that one
This company actually blew up. It's now in multiple countries. They do seven digits a month in revenue now. And one couple in Oregon made revenue of $177,000 in less than two years renting out their pool.
wow
Some hosts even have coolers out and let you take drinks and ice cream cones from it. Good for families, little ones love getting those surprises.
This is a genius idea. These sharks have so much money and have seen so much luxury that they take a swimming pool for granted. I’ve lived in apartments my whole life and always enjoyed swimming pools. My only options was the local city pool. There are hundreds and thousands of people like me. This will succeed.
this will never succeed, cuz the founder is delusional to think he will go from 600k to 200+ mil in 3 years....
@@DavidJones-pv8zz lol this is so stupid what you said, you do realise these are old episodes right? this company is now worth 160 million dollars
@@Account-br9kc good for him for beating the odds...i wouldnt have invested in it...too risky/low chance for success....there are 2 styles of investing. VC (venture capital) invests in high risk high reward, Private equity invests in stable low risk investments
correction, there are 10's of millions of people like you if not hundreds. People forget off all the apartment dwellers or all the people with no pool in there backyards. And even if you have a friend with a pool sometimes you dont want to bother them, so it might be easier to spend $300 and have a pool party with no hassle .
I thought so too. I’ve actually been in an exact situation where I needed this. Went to the beach for a day (I live ab 45 minutes away) water was infested with jellyfish that day so I was stuck on the sand with my ex and we didn’t have money to rent a condo or something that would include a pool and we were stuck on google searching for public pools. If you can guess there was no luck whatsoever so we stayed dry that day. Sharks just can’t imagine facing that situation.
I’ve used this app twice in the last 10 months and will most likely use it again this summer a couple of times. It is mind boggling to me what these sharks didn’t understand about this app. It’s an amazing app for anyone that want a to rent a pool for a few hours and isn’t rich enough to own one.
His projections were insane that’s why, not to mention he kept interrupting them it wasn’t even the editing this time you can see by their reactions. You don’t want to invest in someone who won’t let you talk and ask questions initially
I checked out the app. Looks cool but $50 an hour for a pool rental is nuts. I'd rather go to an apartment pool for free and save money lmao
@@Mar-5016 Exactly. If you base your evaluation on only the projections, you are setting yourself for failure. Sharks hate it when entrepreneurs based their company evaluation solely on projections.
@@Oreomilkcookie 50$ an hour isn't that crazy when you have 12 people attending its dollars per person.
@@jokle01 True just not for me i hardly know 12 people, I could see organized pool parties becoming a thing now that you say that.
I'm surprised none of the sharks mentioned/questioned the potential liability issues. That was literally my first concern when he was presenting the idea.
Wow true didn’t even think of that till I read yours
@@soccerboss7924 because in the industry everyone knows that liability can be placed on the users through a terms of use, and what cannot is covered by good insurance.
There is no liability to worry about… that’s what contracts and insurance are for. You can rent a car and crash, you can rent a house and it catches on fire. Liability isn’t the problem
My bet is they know that Uber, Airbnb,...platforms have already proven that Liability Ins. for sharing economy gigs is an actually thing that exists in real life.
I'm sure they did but it didn't make the TV show. These negotiations often go on for over an hour and the show has to cut it down to 10 minutes, so they have to pick the flashiest moments. But I agree the Sharks surely must have asked about that.
I don't understand what's so "crazy" about this idea? People rent out their things all the time. Houses, Cars, Venues. This is a great idea! My girlfriends and I are always renting pools on swimply. We live in the Bay Area so affording a pool isn't possible for two college students.
You have more than one girlfriend
Wow thats crazy
We go to the pool in apartment complex, we don'tlive in. All free, we can go everyday if we like to.
They think everyone owns pools like them
@@sameerolail We did that once security came and called the cops. Didn't end well.
This episode was from 3 years ago lol. Not from today, so yes some stuff is out dated
Robert’s question about bathrooms was a very good one. That could be tricky
I certainly wouldn't rent a pool from someone who doesn't offer a bathroom. Imagine how many people have pee'd in that pool.
Include Port-a-potty option
Barbara: “You talk fast and for that reason… I’m out”
Buddy chillin in the pool got me dead with his facial expressions☠️ 🤣🤣
👀
Fr lol, he is vibing
I was wondering if he was on to something😂
Poor guy would’ve made 100 million dollars… so bad the world shut down for 2 years immediately after this pitch lol
He raised 40million doller in funding from airbnb. Some of the people using this app make like 20k usd
He nuts!
@@saibadam In 2021, Swimply closed a $10 million Series A round in 2021 lead by Norwest Venture Partners.
@@shaikwajahathullahahmed1095 yep it was a mistake by the sharks
Speak for yourself. Where I lived only shut down for a couple months!
Swimply has raised $40M from Airbnb and Lime co-founders and is now looking to expand beyond pools to outdoor spaces in general.
Makes sense. 2 unprofitable businesses investing in another unprofitable business.
The definition of reinventing the wheel
The more $ raised, the less you own. Eventually you end up with nothing
Great I have a campsite to rent and would come on board if he offers those
@@MikeBarbarossa check out Hipcamp, it's basically Airbnb for campsites!
3:54 The guy in the pool playing with his pool inflatables during the entire presentation is such a mood.
When this guy was talking I had to check my youtube video settings to make sure it wasn't set on 2x speed. I don't think I ever heard someone talk that fast in normal conversation.
I watched this and I had not picked up on the idea that he was talking fast until the sharks mentioned it .. I must be adult ADD
except for Ben Shapiro
My guy was simping for Mark even when he was out and Robert was there still.
how many comments are you gonna leave on this video?
Mark is a tech guy first before he is an investor
@@theindivisible robert is much more tech guy than mark
Robert was going out no matter what
swimping*
He actually skyrocketed during the pandemic. It did him good better than bad. Good for him
So after seeing this, I just hopped on the website and downloaded the app. This guy is a genius for creating this. Currently getting together a small group of friends to rent a pool for a couple hours this weekend with our kids.
Yeh right LMAO
🤣
@@WindRipples- look at the current status of the business buddy
Very cool 😎!!!
I did the same thing after seeing this ! LOL great marketing for him either way
"I think Jesse's peeing in the pool right now" 😂😂😂
You can tell he wasn’t phased by the sharks not being interested. He knew he could do it on his own
This company raised 40 million dollars. His vision is actually legit lol. Sharks under estimated him!
Yeah i really like his idea, works like Airbnb. Just need someone to help scale up
That says they're good in raising money, but are they good in making money from the actual app?
If 40 million dollar is attracted to the concept, it shows the sharks messed up…
@@joeysoloway2115 Theranos 😎
@@joeysoloway2115 not true doh. This type of business model needs to raise hundred million of dollars to make say a 10percent profit. Which is 10million for 100million raise. Where if the business fails, the 100million will be gone, and the investors dun get their money back. The risk is bigger than the reward. So if you are like this kind of investment, it’s really like a jackpot you will lose a lot until you hit a huge one.
One of the biggest misses in Shark Tank history. It totally reminds me of Fredrick Smith's business school professor who gave him a "C" grade for coming up with FedEx. Swimply is an amazing concept that has skyrocketed and will continue to thrive. The sharks all missed out.
He's a smart guy with a lot going on, but seems... Distracted? That might have been their problem
I actually interviewed with him last year for a software role, they reached out almost immediately, "let's get you on the team" then stopped responding for 7 months.....
Not holding anything against him, startups are brutal, but probably stuff like that is what the sharks were worried about. He is(was) new to tech, for example, if he hired the wrong guy to build the stack, he might not literally be able to scale without dumping a few million re-writting it.... And he's already mentioned in this pitch re-doing the website three times.
He probably did this about 6-8 months too early.
Exactly! There was a time getting in a strangers car and having them take you somewhere was really weird! Or having a stranger bring you your food was bizarre! This is the next great idea, and I’m glad to see it’s taking off
They will always be more wealthy than Ben Shapiro. They don't have to work with every great idea when they dont like the person behind it.
@@olorin1710 I don't understand what Ben Shapiro has to do with this?
@@bradowen761 this guy sounds just like him
Crazy how the Sharks missed out. He 4,000x'd his business during the pandemic because public pools and beaches all closed. He averages 20,000 bookings a month now
Holy F*******k. How much did he make based off that?
@@masudkhoa3861 💰💰💰💸💸💵💵
@@masudkhoa3861 it was around 40 million.
Seems legit lmfao
Pool business exploded during pandemic and prices doubled and tripled. He hit it the perfect time
0:11 Her face says it all 😂
He just left buddy in the pool and walked out alone 😂😂
This dude is smart. I don’t think the sharks saw his potential. He’s definitely on to something. I wish him the best.
He was fine till last shark he got nervous and talked over everyone...I got to look this up. Swimply
He could not communicate his potential. Intelligent but not great in presentation.
his company making 40 mil rn
bro don’t need them sharks 💯 he’s got vision and a plan
His valuation was not realsitic
The guy in the pool is having the time of his life
fr i swear every shot they show of him is him just giving the “oh yeah i’m peeing in the pool” face 😂
😂😂😂
I think that dude is like some "famous" extra that's been in like every movie. edit - yep, Jesse heiman
that guy in the pool was the best part of the whole pitch!!!
😂
I run my own pool company and I've thought about this exact type of thing before. Sharks dont see it but this is more than potential, its a freaking goldmine. This is a much more sanitary alternative to public pools; which are disgusting.
How does liability work though?
Some will hurt themselves/die in the pool.
I saw a story where people got electrocuted in a pool. In a context like that when it is not your pool how does that work?
@@DanRaidersWarriorsSharksGiants I would assume lawyers thought of that in the terms and conditions and most likely any liability is on the owners of the pool
He should have heard Robert out. Sometimes the sharks go into competition hearing the other offers. Mark probably would of came back around. But, I think Robert had an offer. Stop focusing on the man with the most money and his status and focus on who's willing to help.
people are missing the point, theyre not saying its a bad idea, the guy just kinda had his head in the clouds about how fast he wanted to grow
Damn, one of the rare times the sharks collectively made a bad call. But who would have known! Kudos to this guy, he deserves it!
He would have gotten the deal if lets them speak because nobody wants to work with someone who doesn't listen.
@@intekhabahmad8762 He was only ignoring Robert because robert was so rude to him in the beginning. Honestly, it's a reasonable response to meeting someone and the first thing they say to you is, "Who thought this was a good idea?"
@@MultiPerson555 Also, he wanted Mark Cuban, not robert.
Barbara's mother during labour : ahhhhhhh!!
Barbara : I'm out..... 😂
Oh my goodness 😳
@@adedaremayowa1347 what happened 😅
@@bestrong3227 the comment tho! 🙂
@@adedaremayowa1347 😀😀😀 glad that you like it
I think this is a really good idea. An extra income to owners of the swimming pool and convenience to those who would like to have a swim at least once in a while.
Our just go buy you a pool from Amazon for those prices tbh
weird people swimming in my yard? no thank you.
terrible idea
@@lukemndrgn1 some people don’t got time to set up a pool and some people don’t got the space for a pool
@@risitas-po-polsku terrible idea?? What about Airbnb
Wierd people living in my house
What about Uber
Wierd people getting in my car
They all doing good it’s a decent idea
@@risitas-po-polsku Well. Airbnb and Uber made it. NOW IS A GREAT IDEA FOR EVERYONE!✅
I don't understand how this is crazy... my friends and I did this a few times and it's great!! We even rented a pool that came with a very nice grill and fire pit. This is a perfect idea for 4th of July parties, birthday pool parties, or just to chill at a pool on a very hot day.
Lori: "it's brilliant, you're really onto something. You're sitting on a potential gold mine. And for that reason, im out."
His projections were a little off.
It's 2022 and Swimply's net worth is $10 million which is still pretty good
Probably didn’t predict Covid
@@bond5275 no one could. Nonetheless the fact he survived and grew despite covid is impressive
@@seeno1 honestly covid could have really helped them, can't go to a public pool? Rent one! Seems beneficial in some ways if they marketed well.
@@seeno1 I mean pandemics are inevitable with carnism.
@@Icex7 even so you can't predict them....
You guys are missing the point.
His idea is brilliant even the sharks agreed to that . The only two reasons why they weren't interested, was bc of his evaluation, they hated that .
And bc they felt overwhelmed and frustrated by him. That's why they named the episode "how fast can he talk to get himself a deal" if he came out humble soft spoken and a normal evaluation he probably would have gotten Mark cuban or Robert !
I hope though that bunims buss. Booms ! Bc he's my friend and I want to see him do well!
u got it
I think it's brilliant. I am all in for sharing of spaces and cutting down on creating new entities from the ground up. Share what we have, create new solutions and ideas. I love it! Keep going.
Now: Net Worth $160 Million
Revenue $29 Million
Profits $5 Million
Lifetime Revenue $70 Million
So the Sharks would not have even made their investment back yet.
@@roberthart1957 no. They wouldve made it back, and then some. 25x
Jew
@@keydos3133they literally would have made $250k so no they still would not have made their money back.
@@keydos3133 No, he wanted 300k for 5%. 5% of 5$ million in profit = $250,000. So, no, they wouldn't have made their money back. And certainly not 25x.
I’ve watched Shark Tank for years and I’ve always struggled with the investors being such a$$holes to these entrepreneurs with dreams just like they had when they started. I’m so glad to know this guy has grown and is doing awesome because I think his business is genius..
That guy in the pool was having the time of his life
In 2021, Swimply closed a $10 million Series A round in 2021 lead by Norwest Venture Partners.
Just used it for the 1st time....love it and can't wait to book more spots
Bro sounds like the lease and warranty details at the bottom of the commercial
one of the best ideas ive seen on the show, congrats to him doing so well now!
He is on to something. No question. I thought the biggest concern would be Air B&B deciding to compete against him, but nobody mentioned that.
Otherwise he just over-talked himself into turning them off.
He's a genius, this will be worth millions. Can't believe they turned this one down.
Took him a ton of money and 3 tries and can't even get the website working yet. What kind of genius or problem solver is that? The idea is good, but I don't think he is the right guy for it.
@@TheTttooom What that tells me is that he is persistent and has a strong drive to run this business.
Fail until you succeed
@@TheTttooom So you’re saying he’s experienced failures … never heard of any genius or successful person doing that
Valuation is ridiculous they can't even make a deal with him at that valuation... Second he talks faster than Eminem on crack. Talking at an appropriate speed is important. Nobody will like to listen to a rap God for a business pitch because their brains going to kick into overdrive trying to crunch the numbers while guy is reading 700 words per minute. Great idea, wrong person.. If his valuation was at least 1/4 of that or even less they would probably consider Makin some kind of offer. Also he was very rude. Never be rude to the people you trying to ask money and advice from. That just tells them you don't respect what they have to say.
Love how the friggin pool guy is still in character at 3:18 😂😅😂😅😂😅
I actually didn’t know that it was on Shark Tank. I had discovered it last summer and thought it was really cool and mentioned it to people I know and my mom’s having her 60th birthday party there this month.
he sounds like my math teacher when i watch his lectures on 2x speed
I love his passion and vision. I’m glad he’s successful now. They don’t know what they missed out on…or maybe they do? Either way, good for him.
they probably just cringed at the prospect of working with this guy - he seems impossible
@@gss7278 stfu he’s not on anything he’s just overly nervous and trying to get his point across fast because he didn’t have much time to secure an investor.
Lmao at Mark's cackle and Robert's echoing shout
The famous Entrepreneurs vision. They see everything coming. That guy raised 40M+ in 2021 and increased revenues by 4000% during pandemic.
They are still burning cash like no tomorrow and very much default dead. Furthermore, Airbnb is eating some of their share with experiences. Not bullish on Swimply at all.
This is a great idea. Every year for my daughter’s birthday we use Swimply.
Barbara: Are pools filled with water?
Swimply: Yes
Barbara: for that reason I’m out.
"Swimply raises $40M from Airbnb and Lime co-founders, VCs for its online pool marketplace." DANG!
Barbara: “ you talk to fast, and for that reason I’m out”
This is wild to me that no one wanted to discuss an offer. I wasn't bothered by his fast talking at all and found it quite weird that the sharks really honed in on it at lot. Well besides Barbara who looks for any reason under the sun to be out, he could walk out with a stain on his shirt and she'd be like I just don't like that stain on your shirt so I'm out. Lol but ya I feel like this idea could be huge and given a direction and some fine tuning it sounds like an incredible idea.
I just stopped typing to look it up, and it appears to be doing 7 figures a month currently. So ya I don't understand why they didn't jump on this.
He couldn't develop a website/app/delivery mechanism after multiple failed attempts. He had net a whole $42k while absorbing multi-million dollars of investment without showing much... And he wanted 300K for 5%. Can you really not understand why they didn't jump on this?
@@pyro3rg Not even look at how he would talk with the sharks dude can’t even stop talking to listen to what the sharks say.
@@nofacemechanic2328 To me it sounded like he had too much caffeine.
I honestly feel like u gotta talk fast to answer all the questions they fire simultaneously
@@pyro3rg You look at the idea and invest in that first and foremost, something like developing an app/website is always something you can fix, that's a terrible reason not to invest and not even one that the sharks mentioned. They were against this guy from the beginning and it was a mistake for sure, Swimply's net worth is at 160 Million in 2023. This is a perfect example of getting hung up on numbers without stopping to see the vision.
my man Jesse out here living his best life 😄
Now, Swimply operates in the US, Australia, and Canada with 70 full-time employees. Swimply makes an estimated 10 million annually, and the company is worth $30 million.
Sharktank, I think you guys missed a really great opportunity. I live in Canada, and I found out there are many people using Swimply, and guess what? I will be joining them. This is a fantastic idea, and this young man will be a multi millionaire no doubt.
He is
I use it & love it! Found a pool a mile away for private sunning and bobbing. This woman's beautiful pool is always booked.
Half the time I see Cuban I think he's wearing a skull cap...then more than half way through this I see the guy trying to get a deal is ACTUALLY wearing one.
The guy presenting is a Frum religious Jew.
This is an amazing idea I used to hop the fence and the lovely old rich neighbor lady let us swim in her pool and even got us Christmas presents sometimes :) but this is an amazing way to let parents or young people without enough money for a nice inground pool to experience that!! I love this ❤️
I wouldn't admit to thst
This guy did a key bump before walking in. Jesus.
Some of y’all should look at swimply’s valuation and that he raised $40 million at the writing of this. Sharks missed out, but had they invested that time, it would have failed due to covid. He instead continued on a lower scale and then later got a better deal
however too im not sure what the operating expenses are, they could probably have shut down the website during that time and not have to bleed any money. cause they are just borrowing other peoples real infrastructure so it takes their risk out
Evaluation is nothing, it was meant to be worth 289 million by now, Raising money anyone can do.
@@jonathanm2690 yeah it's interesting how confident he felt about his 289 million dollar projection not knowing the world was about to shut down .... a 6 million dollar valuation when your profit is only 20k per year is just insane. I honestly don't blame the sharks for staying out of this one.
@@ricardosoca7380 No it's not, they are a tech company, 6 million is an average seed-stage valuation for tech companies, many of which have zero revenue at that point. Revenue does not matter when valuing early stage tech startups. Potential revenue in the future is all that matters.
@@parker5548
No, it's not. You're stupid. I could say that my startup computer business will be worth 2.13 trillion dollars because that's what Microsoft is worth.
So, should I value my company at that price? Obviously not because there's no revenue, there's no engagement, there's not even any interest, etc.
When someone projects a certain amount of revenue for two, three years in the future, do you know what they base those figures on? PAST SALES.
For a millionaire in his 50s Robert is adorable
They way he tries to speak 😂
I used Swimply here in Australia 🇦🇺 I had no idea he was on Shark Tank US. When I booked i thought what a great idea.
They really dropped the ball on this one. 180 million in net worth and 30 million annual revenue, he made his ambition a reality.
I live for swimply, I thought it would be awkward swimming in someone else’s pool but most of them have privacy features and it’s absolutely wonderful so cheap for an hour swim after brunch 😄 especially with friends, and you rarely swim for more than an hour straight, and swimply is also now worth 180 million bucks! Congrats!!! You’re service is incredible 🙏🏻
I'd be uncomfortable going to a strangers property to use their pool while the owner is peeking out the window watching you from time to time. On the other hand I'd be uncomfortable to invite strangers to my house and property not knowing anything about them. Then there is the risk of someone getting hurt and trying to sue you.
I feel that it could be hit or miss with the people renting pools. You would never know what kind of "pool Party" you would be hosting. It could be a drunken frat party,15 screaming kids, or someone just wanting to float and sunbathe. The bathroom situation could be a thing also if there was not a pool house with a bath. I would not want a bunch of wet kids tracking through the house.
People said the same thing about Airbnb and Uber. Look where things are now.
Yeah, in the end, those in need would rather feel uncomfortable than letting the bank seize their properties
@@sreyankanungo7368
People ARE uncomfortable with the idea of AirBnB and Uber - that's why we don't have 8 billion Uber drivers.
Whoever is running this channel and making these titles is hilarious. Keep it up lol.
*Knocks on the door for investors*
Mark : This Guy's a champion ✨
You can tell from a mile away that Cuban knows this guy in real life.
Doubtful. There's just a sense of connection among Jewish people.
Love Robert's understanding of the word "linear"
They laughed when he said he was estimated to average $15 million the upcoming years. Now it’s worth $10 million
The $289 million mention tho 💀 Mark's cackle was the best
4:53 My face when Barbara goes out once again ...
Just watching this 2023. I'm fixing up my pool to advertise with them. Brilliant idea and extra cash for me!!!! Love it!!!!
Barbara: "You talk too fast, and for that reason, Im out"
this guy needs to be a meteorologist, he talks so fast
He can be an auctioneer or challenge Ben Shapiro to a speak-off contest.
@@BeSkeptical851 one hundred percent
Crazy to me that none of them asked about safety parameters/liability. What happens if someone drowns in your pool while you’re renting it out to them?
My girlfriend is a nurse in an er in New Jersey and a couple weeks ago they had an 8 year old passed away due to drowning in one of these rented pools. Not sure if it was this exact service but it was the same rent out your pool concept. So yea...you’re 100% correct. Not sure if any action was taken against the rental service/pool owner
The actual meeting they have is like 30 to 1hr. I’m sure they must of mentioned it but it just didn’t air
They have a 1M insurance per occurrence just like Airbnb now.
Exactly, this is my concern. Isn't the pool owner responsible if someone drowned in their pool? It's a liability.
@@LV2UXO77 that’s where the company steps in because they will front for the insurance that most ppl can’t afford by working w insurance companies. Turo and Airbnb does the same
Barb: "I never met anyone faster, and I just don't get it so for ALL of those reasons I'm out" 😑
5:56 Even he was baffled by her reasons 😂
It's a great idea but he was just impatient and asked for a crazy high valuation for the time
They’ve got $62.3 million in funding since 2021. Incredible
I have actually looked at this app on the last 2 years, it's a great idea. Sharks missing out. This gives me ring doorbell vibes, sharks passing on a winner
I think the swimming pool idea has value and potential but the guy he needed to set realist goals and he talk way too fast 💨
@@blazecobblestone3774 Exactly. He had two big issues. His evaluation and his projections. In business, projections don't mean a whole lot because things can change in an instant. His evaluation was nuts, 6 mil eval based on projections? Sharks will smell BS instantly because they hate that.
@@oliverdeeley thxs for inform me more
His numbers are off. He told them that current year they would make $20,000 year after they will break even then the next next year they will make $15 million their profit. Doesn’t sound right at all
It worked, they messed up.
If Chris Sacca was on this episode he would have invested.
This is the best and most creative business I've ever seen in the tank
Current-year revenue (Y.T.D., seasonal business): ~$250,000.00 ; projection for two more years down the line: ~$75 million (assuming sustained ~twenty-percent net-margin). He'd have a better chance of actually just solving global-warming.
For what it's worth he wasn't that far off. He's made 30 million in the last year and his company is worth 160 million.
This is such a great idea. Well done!
I think the issue with this is that if people don't want to go to public pools because of any sanitation concerns, that will still happen with this. With that many different people constantly being in and out of the pool, it essentially just becomes another public pool.
This is true. But same thing with AirBnB, you get bad reviews if the room is not clean. People will still have the option to choose which pools are sanitized that have good reviews.
If a Shark had invested on the list terms of this deal, it would currently be one of the highest paper rates of return of any Shark Tank deal. It’s like they totally ignored Airbnb, and compared this to a cupcake mail order biz. But Shark Tank has never been at market for tech deals. People still raise at $6M pre with half a prototype and a PowerPoint deck. 😂
Feel like only Mark is the only one who can really afford it to invest. Everyone else just has a good network=net worth and are not willing to invest their own money. All these guys are pre Web 2.0 ppl so they don’t have the same vision
a 6 million dollar valuation when you're only making 20k profit per year is really a crazy valuation. Maybe if he has valued it at 1 million dollars or something even remotely more reasonable they would've gone for it. I think also this was right when the world started to shut down for Covid.
@@ricardosoca7380 No it isn't bud, learn how tech startups work
@@parker5548 yeah WeWork was supposedly a tech company too... everyone likes to claim they're a tech company
@@ricardosoca7380 who mentioned wework? You’re simply clueless. Thinking 20k profit has any bearing whatsoever in an early stage startup’s valuation…. Lol. Truly clueless
If I ever pitched an idea, I would start off by saying..
“Barbara.. your out!! No deal!!”
Dang, I’ve had this idea for over a decade, but I never pursued it because of all the liability issues with pools. Knowing now how successful the company turned out to be, I wish I pursued it.. if only I could go back in time
*Eminem sweating in the corner*